Shares of Thermax experienced a notable surge of 2.44% to reach Rs 3510.20 during today's session, accompanied by high trading volumes. This movement has drawn attention to the stock, which is a constituent of the NIFTY MIDCAP 150 index.
Financial Performance Overview
Thermax's financial performance over the past few years reveals consistent growth in revenue and net profit. Here’s a summary of the company's consolidated financials:
Revenue:
The annual consolidated financials provide a broader view of Thermax's performance.
| Year | Revenue (Cr) | Net Profit (Cr) | EPS | BVPS | ROE | Debt to Equity |
|---|---|---|---|---|---|---|
| 2021 | 4,791.25 | 206.58 | 18.34 | 288.76 | 6.35 | 0.09 |
| 2022 | 6,128.33 | 312.18 | 27.73 | 310.17 | 8.94 | 0.10 |
| 2023 | 8,089.81 | 450.93 | 39.98 | 343.71 | 11.64 | 0.21 |
| 2024 | 9,323.46 | 644.01 | 57.30 | 394.30 | 14.53 | 0.28 |
| 2025 | 10,388.69 | 626.94 | 56.33 | 438.25 | 12.85 | 0.34 |
The following table summarizes the income statement data for Thermax over the past five years:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | 10,388 | 9,323 | 8,089 | 6,128 | 4,791 |
| Other Income | 252 | 232 | 160 | 127 | 107 |
| Total Income | 10,640 | 9,556 | 8,249 | 6,255 | 4,898 |
| Total Expenditure | 9,639 | 8,598 | 7,609 | 5,820 | 4,603 |
| EBIT | 1,001 | 957 | 640 | 435 | 295 |
| Interest | 116 | 87 | 37 | 25 | 20 |
| Tax | 257 | 225 | 152 | 97 | 68 |
| Net Profit | 626 | 644 | 450 | 312 | 206 |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | 22 | 22 | 22 | 22 | 22 |
| Reserves & Surplus | 4,914 | 4,417 | 3,845 | 3,469 | 3,228 |
| Current Liabilities | 5,635 | 4,725 | 4,409 | 3,758 | 3,070 |
| Other Liabilities | 1,466 | 987 | 561 | 210 | 184 |
| Total Liabilities | 12,038 | 10,153 | 8,838 | 7,461 | 6,506 |
| Fixed Assets | 3,288 | 2,427 | 1,678 | 1,236 | 1,263 |
| Current Assets | 7,321 | 6,448 | 6,080 | 4,737 | 4,466 |
| Other Assets | 1,427 | 1,277 | 1,079 | 1,487 | 777 |
| Total Assets | 12,038 | 10,153 | 8,838 | 7,461 | 6,506 |
| Contingent Liabilities | 0 | 1,086 | 956 | 529 | 1,806 |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | 1,042 | 247 | 459 | 324 | 769 |
| Investing Activities | -1,240 | -509 | -679 | -421 | -635 |
| Financing Activities | 123 | 285 | 348 | -20 | 77 |
| Others | 20 | -4 | 15 | 2 | 8 |
| Net Cash Flow | -53 | 19 | 144 | -115 | 219 |
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